Eurobase Banking Solutions announces eFX contract win with Sydbank

Sydbank one of Denmark’s leading full banking groups have entered into an agreement with Eurobase Banking Solutions for the provision of the Siena Rate Manager and Siena eTrader solutions in order to launch a new generation of FX eTrading services.

Preben Hansen, Project Manager, at Sydbank said: “Having assessed the market we felt Eurobase’s Siena offering had the flexibility and functionality to meet our requirements in order to satisfy the growing needs of our customers. Having an established eFX business we recognise the necessity to continually improve our eFX offerings. Our customer requirements have changed over the years and we plan to launch this as a new product to meet these in the New Year. Working with Eurobase on their precontractual implementation study gave us the confidence to do this in such a short time’’.

Sydbank have signed to take Eurobase’s thin client execution platform Siena eTrader as a Single Bank Platform to support, initially, FX spot, forwards, swaps and limit orders. Siena Rate Manager will support the bank’s pricing requirements to provide executable streaming prices to enable one and two click trading for both Sydbank investment centres and their online customers.

John Barratt, Sales Director at Eurobase Banking Solutions, commented ‘’Eurobase are delighted to have entered a contract with Sydbank to provide our Siena Rate Manager and Siena eTrader products. We have been working closely with Sydbank to develop a solution that meets their eFX business requirements and continue to build their eFX business offering”.